Union Budget 2016 Reaps Benefits for First Time Home Buyers of Affordable Housing Segment!

Nashik real estate sector has finally a reason to rejoice! 

The real estate segment of the Wine Capital that was facing a set sudden rise in prices of properties recently has finally a ray of hope after the announcement of Union Budget 2016, by Finance Minister Arun Jaitley on 29th Feb 2016. The declaration of exemption of Rs. 50,000/-  of annual installment for the first-time buyers who opt for a loan amount of Rs 35 Lacs for a property costing within Rs 50 Lacs has brought hopes among the buyers of the city. 

“It is not a populist, but a responsible budget. The tax measures for affordable housing recognize the potential of real estate sector that will add to growth and job creation. Given the strong linkages of housing with the manufacturing sector, the measures would provide a fillip to the Make in India and Startup India Campaigns. As housing is the only asset for the common man, these measures render the budget socially inclusive”

Says Jayesh Thakkar, President, CREDAI NASHIK

We believe, the announcement during the union budget for the housing sector regarding the exemption of Rs 50,000/- in annual installments will be a big aid for the first time property buyers in the affordable housing segment. 

It’s a sigh of relief for the ones who have been searching for an affordable property in the city. Top builders in Nashik too, which have constructed affordable residential projects such as Parksyde, Samraat Group, etc. can expect a boost in the sales this year.

So finally, the dream homes in the city of Nashik are now going to be a reality for the first time buyers soon! 

What are your views on the Union budget 2016 announcements about real estate sector by Finance Minister, Arun Jaitley? Comment your views below!